Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Subsequent Event

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Note 16 - Subsequent Event
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Subsequent Events [Text Block]
16.
   SUBSEQUENT EVENT
 
In
October 2018,
the Company entered into interest rate swap agreements for the purpose of providing protection against increases in interest rates, which might lead to higher interest costs on the Company's debt that bear interest at a floating rate.  These agreements hedged
50%
of the
$11.0
million of debt incurred by Seacor
88
and Seacor
888
and
50%
of the
$130.0
million syndicated credit facility incurred by SMFH. The Company is currently evaluating the swap agreements for hedge accounting effectiveness.
 
Subsequent to
September 30, 2018,
the Company sold
three
fast support vessels and
two
liftboats for gross proceeds of
$8.2
million and a net gain of
$5.1
million.
$7.0
million of such gross proceeds were used for the repayment of existing indebtedness.